Aurora has made considerable strides in their efforts to help homeowners achieve loan modification, having significantly decreased phone hold times, as well as notably making increased efforts to help homeowners who are facing pending foreclosure, but they still play dirty and you may need professional help. Aurora was a predominantly subprime lender during the boom, [...]
Tag archives for HAMP
Making Home Affordable Isn’t Helping Enough
by Justin Bartlett in September 8th 2009To date, approximately 240,000 homeowners have gotten loan modifications through Obama’s Home Affordable Modification Program (HAMP). While this sounds impressive, this is actually terrible; originally President Obama was quoted saying he hoped that government initiative would help 8-9 million homeowners in need. Clearly we are missing the mark, however this time around there are at least incentives to lenders to help homeowners get a loan modification under Making Home Affordable.
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